Stellantis announced an investment of US$270 million in the country to manufacture the new Peugeot 2008

He Stellantis Group announced an investment of US$270 million to start manufacturing in the plant Dovecoteprovince of Buenos Aires, the new Peugeot 2008, a model that will be launched in the second semester. Likewise, before a small group of media (among them Ámbito), Emanuele Capellano, president of Stellantis South Americathrough a videoconference from Brazil, announced that the company will disburse another US$400 million for the period 2025-2030. It will be for a new model that he did not give any clues about, but it would be from a “new segment” that Stellantis does not currently manufacture in the country.

Also present at the presentation Martín Zuppi, general director of Stallantis Argentinawho was optimistic about a recovery in demand for the second semester, but at the same time asked for tax changes on production so that Argentine factories are more competitive in the foreign market.

The US$270 million complement the US$320 million that Stellantis already invested for the production of the 208. Although no further configuration details were given, the adaptation of the CMP platform It would allow the SUV, the first that the group will manufacture in Argentina, to be equipped with hybrid or even 100% electric motors.

It is worth noting that at the plant Dovecotewhich in addition to 2008 and 208 produces Peugeot Partner and Citroën Berlingo, Stellantis adds the terminal Ferreyra, Córdobacurrently dedicated exclusively to manufacturing the Fiat Cronos. The second investment of US$ 400 millionpart of the Next Level strategic plan, which will include disbursements of US$6 billion for South America.

“Next Level represents a new virtuous circle, which we began in the region after the announcement of our record investments. We will consolidate leadership and expand business, with the launch of new products, investments directed at all of Stellantis’ production centers in the region, the acquisition of new companies, among other actions planned in each of the strategic pillars,” he detailed. Cappellano, president of Stellantis South America.

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The pillars of the plan include a “business acceleration,” which locally will include about eight launches in the year (the Rampage pickup and the Pulse Abarth), as well as axes linked to customer experience, decarbonization of the operation, financial sustainability and talent attraction.

Cappellano also highlighted the recent investment of US$100 million in 360Energy Solar SAan Argentine renewable energy company with solar parks in San Juan, Catamarca and La Rioja to supply the plants.

Although the manager did not comment on the mix destined for the local market and exports, he said that “Brazil is growing 8%, there are no demand problems” for cars manufactured in Argentina. He also expressed that our country has “ability to resume growth cycles” and in that sense it is for Stellantis It is important to “invest in the country when there is potential” to “sustain the growth and leadership of the brands.” He also referred to attempts to Javier Milei for “stabilizing” the economy in a “complex moment.” However, he called for “industrial predictability.”

For its part, Zuppithe number one of the local affiliate of Stellantisexpressed that since the Association of Automotive Factories (Adefa) They conveyed to the government the need to lower the tax burden on production. “Mexico exports 0% taxes, Brazil 7% and Argentina 22%,” he said.

He also maintained that they expect the domestic market to begin to reactivate in the second half, although it will depend on “a recovery in wages, a tax reduction and a greater supply of credits.”